Radiant Capital DAO Votes to Wind Down After $50M Exploit
October's $50M+ loss proved unrecoverable: no new financing, no growth, and no path back — the protocol will keep running for user exits but stops building.
Radiant Capital is a decentralized finance protocol designed to function as an omnichain money market, allowing users to deposit and borrow assets across multiple blockchain networks through a single interface. It is deployed across the Ethereum, BNB Chain, Arbitrum, and Base ecosystems, with cross-chain interoperability powered by LayerZero messaging and the Stargate stable router interface. This architecture enables lenders to deposit collateral on one chain and borrow supported assets on another, while also choosing how to allocate withdrawals across chains. The RDNT token serves as the protocol's native utility and governance asset, used within the Radiant DAO to coordinate decision-making. To address liquidity fragmentation in DeFi, Radiant introduced a Dynamic Liquidity Provider (dLP) mechanism with gated emissions, meaning RDNT rewards are directed only to active liquidity providers who support the protocol's markets. dLPs also receive a share of platform fees collected in major assets such as Bitcoin, Ethereum, BNB, and stablecoins, generated through borrowing interest, flash loans, and liquidations. Radiant originated on the BNB Chain and later expanded to additional networks, and has been part of the Binance Launchpool and YZi Labs (formerly Binance Labs) portfolio.
October's $50M+ loss proved unrecoverable: no new financing, no growth, and no path back — the protocol will keep running for user exits but stops building.
What is Radiant Capital? Project Overview Capital in DeFi is extremely fragmented across chains, evidenced by the dozens of different money markets, all with their own liquidity.
Radiant Capital (RDNT) is categorised as: BNB Chain Ecosystem, Binance Launchpool, Lending/Borrowing Protocols.
The official Radiant Capital site is https://radiant.capital/.
Most recent Radiant Capital coverage: "Radiant Capital DAO Votes to Wind Down After $50M Exploit" — read at /en-US/a/radiant-capital-winds-down-after-50m-exploit-leaves-dao.